Posted on 05/21/2010 10:44:00 AM PDT by blam
Leading Indicators Fall Sharply To Lowest Level Since Last September
Joe Weisenthal and Kamelia Angelova
May 21, 2010, 1:32 PM
Maybe markets aren't worried about the next Lehman. Maybe they're just worried about the fact that the boom is coming to an end.
Independent research firm ECRI says its weekly look at leading indicators continues to pull back sharply, and is now where it was in September 2009.
(via PragCap)
[snip]
(Excerpt) Read more at businessinsider.com ...
Wow.. and it’s not even September yet!
Why do journalist put out stories stating the obvious as if it is news.
We are so deeply in debt that the financial day of reckoning will be total crash or extreme social upheaval.
What would be news is that instead of continuing to put off the problem - making it worse - that congress was actually taking steps to (1) curtail spending and (2) had developed a plan to deal with the debt.
Its getting so bad that if there's only a grain of truth in their reporting I'm grateful.
ABC today actually ran with a story claiming the jobs picture was improving.
Obviously, these are numbers Obama inherited from the previous Administration.
Altogether now..(the Obama Cabinet) “HOW UNEXPECTED!!!!”
“The 0bama Depression is underway ...
Or perhaps just the long-awaited double-dip. In either case, this is not good news for the president’s party this November. The Dems will be punished severely for having put recovery on hold while they pursued their far-left agenda while the “gettin’ was good” so to speak. Now THEY’ll get got good (so to speak).
Perhaps 0bamao is too concerned with his treasonous marxist agenda. He and his minions will find out the meaning of PAYBACK!
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